Wills

Remote Execution of Wills No Longer Permitted

The amendments made to the Wills Act 1837 during the Covid-19 lockdowns, allowing remote execution of a will in England and Wales, reached their expiry date on 31 January 2024 and are no longer in force. Wills must again be signed in…
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Inheritance Tax Receipts up £100m Annually

The Government’s inheritance tax intake totalled £600m in April 2023, a figure £100m up on the equivalent April 2022 figure, recent data published by HMRC has indicated. This follows the record-breaking 2022/23 tax year which saw £7.1bn raised in inheritance…
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The Future of Inheritance Tax: Part II

At a basic level, exposed families should consider a professionally drafted Will as essential.  Not only to ensure that material wealth passes as intended but also to ensure that the residential and transferrable residential nil rate bands are not inadvertently…
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HMRC Unsuccessfully Challenges Tax Reducing Rectification

The England and Wales High Court (EWHC) has agreed to rectify two deeds of appointment made in 2013 that mistakenly terminated Nicholas Ware’s life interest, a qualifying pre-March 2006 life interest, in the assets of his late father, when they…
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Lockdown & Wills: The Latest

Lockdown has prompted the government to update the 183-year-old rules on witnessing wills. But some solicitors think reform is unnecessary and risks creating a contentious probate spike. Wills have stubbornly resisted the digital world. While many legal documents, including deeds…
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Covid 19 & Tax Planning

By the time we emerge from the Covid 19 crisis the UK will be vastly more indebted. Households, companies and the state will be carrying much more debt and be much more risk averse.  The Bank of America believes the…
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Covid 19, Wills & Tax Planning

Covid 19, Wills & Tax Planning   Ian Bond TEP, chair of the Law Society’s wills and equity committee, recently stated to the Daily Telegraph that levels of requests for will drafting are now up 30 per cent. That corresponds to what I…
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